CAPE TOWN: Saudi Arabia is keen to develop future cooperation with the BRICS group to achieve collective prosperity, Minister of Foreign Affairs Prince Faisal bin Farhan bin Abdullah said on Friday. The BRICS group consists of Brazil, Russia, India, China and South Africa. The Saudi foreign minister participated on Friday in the ministerial meeting of Friends of BRICS in Cape Town, South Africa, held under the theme, “Partnership for Mutually Accelerated Growth, Sustainable Development and Inclusive Multilateralism.” In his speech at the meeting, Prince Faisal bin Farhan said that the Kingdom was keen to advance its future cooperation with BRICS by benefiting from the potential and capabilities possessed by both sides. This aimed to fulfill joint interests and achieve prosperity for all, the foreign minister said. Saudi Arabia was the BRICS group’s largest commercial partner in the Middle East, Prince Faisal said, affirming that trade relations with the BRICS countries had witnessed great growth. “This reflects the growing and developed relations with the countries of the group,” he said. The total value of bilateral trade with the countries of the BRICS group increased from $81 billion in 2017 and $128 billion in 2021 to surpass $160 billion last year, the foreign minister said. The Kingdom shared basic values with the BRICS countries, represented in the belief that relations between countries were based on the principles of respect for sovereignty, non-interference and adherence to international law, Prince Faisal said. These principles also included the existence of multilateral frameworks and collective action as reference points in the face of mutual challenges. Saudi Arabia, along with BRICS countries, also believed in the importance of peace, security and stability in order to refocus efforts toward national development and common prosperity, Prince Faisal said. The Kingdom maintained its commitment to working with international partners to achieve the UN Sustainable Development Goals by 2030, he said. He added that Saudi Arabia also worked on intensifying global efforts to enhance food and energy security amid recurring crises and supply-chain issues. The Kingdom was a pioneering country worldwide in humanitarian and development aid and was among the top 10 donors to low- and middle-income countries, Prince Faisal said. Dr. Abdulrahman Al-Rassi, undersecretary of the foreign affairs ministry for international multilateral affairs, and Saudi Ambassador to South Africa Sultan Al-Liwiahan Al-Anqary were also part of the Saudi delegation at the meeting.